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Hi Sir,

Since you're paying the flat in full, there is no need for you to use Cash for your new flat purchase, apart from the option and exercise fee of between $2 to $5000 (plus the misc fees).

However, this may not be the most ideal option for you in today's market. Interest rates is now at near historical lows, while the monies in your CPF-OA is earning you almost double the amount.

For simple calculation, every $100k you have in your CPF-OA, you will be earning in excess of $2400 in interest per year. While a $100k loan with the bank will probably only set you back less than $1300 per year in interest.

If you're open to explore further on how to make your money work harder for you in today's low interest rates environment, do get in touch with me for a more in-depth discussion.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi

Cash proceeds is only mandated to be part of your next purchase as deposit only if you are taking a HDB loan. You can proceed to fully paid for your new flat using only CPF savings with the exception of option,exercise fees and micelleneous fees. Do contact me at 93375051  for a free and non obligatory consultation on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More